Salt Lake City, UT 84102,128 S 1000 E
Salt Lake City, UT 84102,128 S 1000 E
Salt Lake City, UT 84102,128 S 1000 E
Salt Lake City, UT 84102,128 S 1000 E
Salt Lake City, UT 84102,128 S 1000 E
Salt Lake City, UT 84102,128 S 1000 E
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$1,475,000

$1,475,000

Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

6 Beds

5 Baths

4,900 SqFt


SOLD DATE : 10/20/2023

Key Details

Sold Price $1,475,000

Property Type Multi-Family

Sub Type > 4 Units

Listing Status Sold

Purchase Type For Sale

Square Footage 4,900 sqft

Price per Sqft $301

Subdivision Plat B

MLS Listing ID 1894190

Sold Date 10/20/23

Style Five-Plex

Bedrooms 6

Construction Status Blt./Standing

HOA Y/N No

Year Built 1910

Annual Tax Amount $5,200

Lot Size 6,534 Sqft

Acres 0.15

Lot Dimensions 0.0x0.0x0.0

Property Description

**Open to creative financing. This exceptional investment property presents a rare opportunity to own a fully occupied 5 apartment home in the heart of Salt Lake City's thriving urban landscape. With a prime location at 128 S 1000 E, this property is currently home to five long-term tenants, making it an attractive and income-generating asset. Embrace the potential for passive income and secure your foothold in Salt Lake City's real estate market.The home has 2 units upstairs, 1 large main floor apartment, 2 units are located in the basement with a walk- out. The upstairs units and main floor unit have their own washer-dryer and there is a communal washer-dryer shared for the lower units. Rental breakdowns per unit: $1,400 upstairs one bedroom, $1,315 upstairs studio, $2,415 main floor 3 Bedroom, $1,260 downstairs studio, $1,300 downstairs one bedroom. Property is built to be converted into 3 large units if desired.Property Highlights: Size: Boasting a generous 4,900 square feet of living space, this spacious property accommodates six well-appointed bedrooms, ensuring each tenant enjoys comfort and privacy. Historic Charm: While maintaining classic architectural details that reflect the city's history, the property has been updated to ensure modern comfort and functionality for tenants. Natural Light: Ample windows bathe each room in natural light, creating an inviting and welcoming atmosphere for all residents. Open-Concept Living: The open layout seamlessly connects communal living, dining, and kitchen spaces, enhancing the tenants' overall living experience. Gourmet Kitchen: The well-equipped kitchens provide residents with modern appliances, granite countertops, and plentiful storage, catering to their culinary needs. Steady Income: With five long-term tenants already in place, this property offers an established and steady rental income stream from day one. 3-Car Garage: The property's 3-car garage meets the tenants' parking needs and provides extra storage space for added convenience. Location Benefits: Central Convenience: Situated in the heart of Salt Lake City, tenants enjoy easy access to downtown's cultural attractions, shopping districts, and dining destinations. Educational Institutions: Proximity to renowned schools and universities enhances the property's appeal to tenants seeking educational opportunities. Outdoor Exploration: Nature enthusiasts will delight in nearby hiking trails, ski resorts, and national parks, offering year-round outdoor activities. Cultural Richness: Tenants can immerse themselves in the city's cultural scene with theaters, art galleries, and music venues just a stone's throw away. Efficient Transit: A well-connected public transportation network simplifies commuting for tenants, promoting a hassle-free city experience. Community Atmosphere: The friendly neighborhood ambiance fosters a sense of community, contributing to the tenants' overall satisfaction. Healthcare Access: Proximity to medical facilities ensures tenants have convenient access to quality healthcare services. Seize this rare investment opportunity to own a fully occupied 6-bedroom home with a 3-car garage in Salt Lake City. Enjoy immediate rental income and become a part of the thriving real estate market at 128 S 1000 E. Contact us today to explore the potential of this income-generating property.

Location

State UT

County Salt Lake

Area Salt Lake City; So. Salt Lake

Zoning See Remarks

Interior

Interior Features Bar: Wet, Disposal, Floor Drains, French Doors, Gas Log, Jetted Tub, Oven: Double, Range: Gas, Range/Oven: Built-In, Vaulted Ceilings, Dishwasher: Built-In

Heating Forced Air, Gas: Radiant, Radiant Floor

Flooring Hardwood, Tile

Equipment Hot Tub, Window Coverings, Wood Stove

Fireplace false

Window Features Blinds

Laundry Electric Dryer Hookup

Exterior

Exterior Feature Awning(s), Basement Entrance, Bay Box Windows, Deck; Covered, Double Pane Windows, Entry (Foyer), Lighting, Skylights, Stained Glass Windows, Patio: Open

Garage Spaces 3.0

Utilities Available Natural Gas Connected, Electricity Connected, Sewer Connected, Water Connected

Waterfront No

View Y/N No

Roof Type Wood

Present Use Residential

Topography Fenced: Full, Road: Paved, Secluded Yard, Sidewalks, Sprinkler: Auto-Full, Terrain, Flat

Porch Patio: Open

Total Parking Spaces 8

Private Pool false

Building

Lot Description Fenced: Full, Road: Paved, Secluded, Sidewalks, Sprinkler: Auto-Full

Faces East

Sewer Sewer: Connected

Water Culinary

Structure Type Brick,Cedar,Stone

New Construction No

Construction Status Blt./Standing

Schools

Elementary Schools Wasatch

Middle Schools Bryant

High Schools East

School District Salt Lake

Others

Senior Community No

Tax ID 16-05-135-017

Acceptable Financing Cash, Conventional, FHA, VA Loan

Horse Property No

Listing Terms Cash, Conventional, FHA, VA Loan

Financing Seller Financing

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Listed by National Realty Network
Bought with Rum Real Estate
agent-avatar

+1(801) 259-5565

ccpollock@outlook.com

5965 S 900 E STE 150, Murray, Utah, 84121, United States

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